Realizing zero-fee transactions
CIP Coin (Compliment and Incentive Platform Coin) is an innovative project that digitizes the exchange of gratitude and appreciation to make society better.
Built on the DRC20 platform, CIP Coin utilizes blockchain technology.
It integrates the expression of gratitude into daily life by digitizing it.
For example, we have "likes," but we want to make it possible to collect many of these "likes" and pass them on to others.
Key features of CIP Coin
By eliminating transaction fees, CIP Coin removes barriers to small-scale financial transactions.
It opens up new possibilities for peer-to-peer support (directly from one individual to another without intermediaries), rewards for content creators, and global charitable activities.
This white paper outlines the scientific basis, technical implementation, and potential social impact of the CIP Coin ecosystem.
Scientific Analysis of Expressing Gratitude
Gratitude is defined as the manifestation of feelings towards something valuable and meaningful to oneself.
It is currently attracting attention in social psychology.
Research consistently shows that practicing gratitude significantly improves individual happiness and social relationships.
The effects of expressing gratitude to others go beyond psychological benefits and also impact one's physical health and bodily functions:
Stress reduction: Expressing gratitude to others has been shown to lead to a decrease in cortisol levels, a major stress hormone (Algoe and Way, 2014).
Improved heart health: Regular expressions of gratitude are associated with improved heart rate variability, an important indicator of cardiovascular health (Kok et al., 2013).
Enhanced immune function: Expressing gratitude to others is associated with improved immune system responses (Bono et al., 2015).
On a broader level, gratitude plays a crucial role in social cohesion and economic activity:
Increase in socially beneficial behaviors: People who express gratitude to others are more likely to engage in helping others and making charitable donations (Bartlett and DeSteno, 2006).
Improved workplace productivity: Organizations that foster a culture of gratitude report increased employee motivation and lower turnover rates (Waters, 2012).
Strengthened social relationships: Regular expressions of gratitude contribute to building and maintaining strong interpersonal relationships (Algoe et al., 2008).
DIVER Chain Platform DRC20 Standard
Realizing Fee-Free Transactions
CIP Coin is deployed on a blockchain that enables fee-free transactions.
DIVER Chain is a fee-free blockchain.
DRC20 is the standard for issuing tokens on the DIVER Chain.
This DIVER Chain and DRC20 enable small-amount transfers without the burden of transaction costs, allowing you to frequently express gratitude to your important people.
This is the core capability of CIP Coin.
Governance and Sustainability
- Decision-making process
- Rights and responsibilities of token holders
- Ensuring transparency
- Collaboration with academic institutions
- Promotion of open innovation
- Regular white paper updates
- Inflation management
- Ecosystem development fund
- Revenue model
Use Cases and Potential Applications
Corporate Implementation
Organizations can use CIP Coin to foster an entirely new "culture of expressing gratitude" and enhance trust relationships with employees.
Internal recognition system
Performance evaluation
Corporate Social Responsibility (CSR)
Educational Support and
Skill Development
CIP Coin has the potential to revolutionize educational support and peer-to-peer skill sharing.
Micro-scholarships
Peer-to-peer learning support:
Skill sharing platform
Support for Creator Economy
Content creators can benefit from CIP Coin's seamless micro-donation functionality.
Direct fan support
Subscription model
Collaborative projects
Revitalizing Local Communities
Using CIP Coin can strengthen social bonds in local communities and support community revitalization.
Integration with local currencies
Funding for community projects
Recognition of social services
Revitalizing Local Communities
Using CIP Coin can strengthen social bonds in local communities and support community revitalization.
Integration with local currencies
Funding for community projects
Recognition of social services
Technical Implementation
The DRC20 adopts Proof of Contribution (PoC), an improved version of Proof of Staking, where rewards are distributed based on the user’s contributions to the network, such as transaction verification and node operation. Instead of transaction fees, each transaction incurs a point cost, and users receive a daily point allocation to facilitate their transactions, preventing spam attacks while maintaining zero transaction fees. The network employs multi-layer security protocols and zero-knowledge proof technology to ensure transaction validity while protecting privacy.
The absence of fees addresses a major limitation in traditional blockchain systems, where small transactions often become economically unviable. This opens new opportunities for economic interactions and social contributions.
Token Economy Structure
The CIP Coin economy promotes frequent and meaningful human interactions. The initial issuance is set at 1 billion CIP, with an annual fixed inflation rate of 2%. Newly issued tokens are distributed between network maintainers and the ecosystem development fund. An algorithmic stabilization mechanism ensures value stability by automatically adjusting token circulation based on market demand. Incentive systems encourage active participation by awarding bonus points for frequent transactions and contributions.
Smart Contract Implementation
Smart contracts managing CIP Coin are optimized for micro and high-frequency transactions. They allow for automated sending and receiving processes, with features like attaching gratitude messages or conditional transfers upon task completion. Additionally, they facilitate small and recurring donations, with tracking functionality for donation usage. A social credit scoring system calculates and updates a user’s score based on gifting and receiving patterns, serving as a trust indicator within the community.
Data Analytics and Continuous Improvement
The CIP Coin system incorporates advanced data analytics for refinement. Machine learning algorithms analyze transaction patterns to detect trends and anomalies, enabling fraud detection and user behavior predictions. Privacy-preserving analysis using differential privacy protects individual user data while extracting valuable insights. A feedback loop continuously updates system parameters based on user behavior and community input, dynamically adjusting the frequency and range of gratitude expressions and donation amounts.
Future Vision of
the Project
CIP Coin aims to digitize the expression of gratitude and visualize the value of social contributions. It is a project that aims to create a new economic system. By introducing fee-free transactions, a design based on scientific evidence, and a comprehensive social credit system, it enables a "circulation of gratitude" that was difficult to achieve in conventional economic systems.The future vision this project aims for is as follows:
We will continue to strive towards the realization of this vision, always listening to the voices of users and the community, while flexibly responding to technological evolution and changing societal needs. We believe that CIP Coin will become the foundation of future socio-economic systems and bring positive impacts to people around the world.
We sincerely look forward to your support and participation. Let's create a new society woven with gratitude and contribution together.